Shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) have been given a consensus rating of “Hold” by the nineteen analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $100.87.
A number of brokerages recently issued reports on CNI. Stephens cut Canadian National Railway from an “overweight” rating to an “equal” rating and decreased their target price for the company from $100.00 to $97.00 in a research report on Tuesday, October 1st. Scotiabank cut Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, October 2nd. ValuEngine cut Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Wells Fargo & Co began coverage on Canadian National Railway in a research report on Monday, October 28th. They issued a “market perform” rating and a $88.00 target price for the company. Finally, Royal Bank of Canada set a $137.00 target price on Canadian National Railway and gave the company a “hold” rating in a research report on Friday, September 13th.
Institutional investors have recently bought and sold shares of the business. Prime Capital Investment Advisors LLC acquired a new stake in Canadian National Railway during the 2nd quarter worth approximately $34,000. Moneta Group Investment Advisors LLC lifted its position in Canadian National Railway by 1,676.8% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 5,366 shares of the transportation company’s stock worth $37,000 after acquiring an additional 5,064 shares during the period. CWM LLC lifted its position in Canadian National Railway by 96.0% during the 2nd quarter. CWM LLC now owns 437 shares of the transportation company’s stock worth $40,000 after acquiring an additional 214 shares during the period. Griffin Asset Management Inc. acquired a new stake in Canadian National Railway during the 2nd quarter worth approximately $46,000. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in Canadian National Railway by 45.2% during the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 572 shares of the transportation company’s stock worth $51,000 after acquiring an additional 178 shares during the period. 53.34% of the stock is owned by institutional investors.
Shares of CNI traded up $0.45 during mid-day trading on Monday, reaching $93.65. The company’s stock had a trading volume of 683,824 shares, compared to its average volume of 1,010,993. Canadian National Railway has a 12-month low of $70.36 and a 12-month high of $96.49. The stock has a market cap of $66.65 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 2.05 and a beta of 1.01. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.71 and a quick ratio of 0.57. The company’s 50 day moving average is $89.15 and its 200 day moving average is $91.54.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.66 EPS for the quarter, beating analysts’ consensus estimates of $1.27 by $0.39. Canadian National Railway had a return on equity of 24.36% and a net margin of 29.62%. The business had revenue of $3.81 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the business posted $1.50 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Canadian National Railway will post 4.56 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a dividend of $0.406 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $1.62 dividend on an annualized basis and a yield of 1.73%. Canadian National Railway’s payout ratio is 39.18%.
Canadian National Railway Company Profile
Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.
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